Based on the provided data, the direct claims of fire insurance in Japan are showing a steady year-on-year increase from 2024 to 2028. In 2023, the value of these claims stood at 737.50 billion Japanese Yens. The trend from 2024 onwards indicates a gradual increase each year:
- 2024: 738.68 billion JPY
- 2025: 739.85 billion JPY
- 2026: 740.99 billion JPY
- 2027: 742.11 billion JPY
- 2028: 743.21 billion JPY
The year-on-year variation shows a consistent but modest increase of approximately 0.1% to 0.2% annually over this period. Over the last two years, the increase is steady, reflecting a stable growth trend. The Compound Annual Growth Rate (CAGR) over the last 5 years is indicative of similar gradual growth per year.
Future trends to watch for include the impact of climate change on fire occurrences, changes in building regulations, and advancements in fire prevention technologies. These factors could potentially alter the rate of claims and the overall growth trend in the coming years.
